Jane Duncan Interiors Limited - Period Ending 2015-05-31

Registration number: 05122900

Jane Duncan Interiors Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

Sobell Rhodes LLP
Chartered Accountants
Monument House
1st Floor
215 Marsh Road
Pinner
Middlesex
HA5 5NE

Jane Duncan Interiors Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Jane Duncan Interiors Limited
(Registration number: 05122900)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			-			72
Current assets
Debtors					264,845			250,039
Cash at bank and in hand					87,558			48,172
					352,403			298,211
Creditors: Amounts falling due within one year					(164,265)			(157,409)
Net current assets					188,138			140,802
Net assets					188,138			140,874
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					188,038			140,774
Shareholders' funds					188,138			140,874

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 13 November 2015 and signed on its behalf by:

 J E Duncan
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Jane Duncan Interiors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year and unbilled work at the year end exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line
Computer equipment	33% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Jane Duncan Interiors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		1,937			1,937
At 31 May 2015		1,937			1,937
Depreciation
At 1 June 2014		1,865			1,865
Charge for the year		72			72
At 31 May 2015		1,937			1,937
Net book value
At 31 May 2015		-			-
At 31 May 2014		72			72

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
J Parkinson
Balance as at the year end	2,011	-	(563)	-

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